These ASX dividend shares could be strong buys: brokers

A young female investor with brown curly hair and wearing a yellow top and glasses sits at her desk using her calculator to work out how much her ASX dividend shares will pay this year

A young female investor with brown curly hair and wearing a yellow top and glasses sits at her desk using her calculator to work out how much her ASX dividend shares will pay this year

Are you looking for attractive dividend yields to boost your passive income? If you are, then it could be a good idea to check out the ASX dividend shares listed below that analysts rates highly.

Here’s what they are saying about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX dividend share that could be a buy is Aurizon. It is Australia’s largest rail freight operator, connecting miners, primary producers, and industry with international and domestic markets.

Morgans is positive on the company and recently revealed that its analysts “see value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses.”

The broker is also expecting some attractive yields from this dividend share. It is forecasting partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024. Based on the latest Aurizon share price of $3.45, this will mean yields of 4.9% and 5.5%, respectively.

Morgans currently has an add rating and $3.81 price target on its shares.

Charter Hall Long WALE REIT (ASX: CLW)

Another ASX dividend share that could be worth considering is the Charter Hall Long Wale REIT. This property company focuses on high quality real estate assets leased to corporate and government tenants on long term leases.

Citi is very positive on the Charter Hall Long Wale REIT. This is due partly to its long leases and high occupancy rate, which it believes make the company a low risk option. The broker highlights its “low risk income stream with c. 12 year WALE and 99.9% occupancy.”

It expects this to support dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT share price of $4.28, this will mean yields of 6.5% and 6.8%, respectively.

Citi currently has a buy rating and $5.00 price target on its shares.

The post These ASX dividend shares could be strong buys: brokers appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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